Pakistani Expatriates Monitor UAE Dirham Exchange Rate Closely

The United Arab Emirates (UAE) Dirham buying rate in the open market of Pakistan is currently at Rs75.1, with a selling rate of Rs75.85. This represents a slight decrease of five paisas compared to the previous trading day's closing rate of Rs75.15. The UAE Dirham is of particular interest to the 1.71 million Pakistani expatriates residing in the UAE, accounting for 16.73% of the Gulf country's total population.

As the second largest national group in the UAE after Indians, Pakistanis earn their income in Dirhams and closely monitor the daily exchange rates. The currency code for UAE Dirhams is AED, subdivided into 100 fils. As of May 06, 2024, the exchange rate stands at Rs75.1 in the open market, translating to Rs37,550 for 500 Dirhams and Rs75,100 for 1,000 Dirhams.

Individuals carrying UAE Dirhams in Pakistan can conveniently convert their currency at banks or exchange company branches. The current rate of AED in the open market of Pakistan provides a reference point for those engaging in currency exchange transactions.

The UAE Dirham's exchange rate in Pakistan is a crucial factor for Pakistani expatriates in the UAE and individuals involved in cross-border transactions. Keeping abreast of these rates ensures informed decision-making when converting Dirhams to Pakistani Rupees.